the greatest gold myth...

  1. Menta
    10,759 Posts.
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    19/09/11
    18:08
    Post #: 8979964
    In Prechter's own words:

    "All huge gains in gold have come while the economy was expanding.. The idea that gold reliably rises during recessions and depressions is wrong. In fact, like most such passionately accepted lore, it's backwards."

    https://www.elliottwave.com/freeupdates/archives/2011/09/16/Is-Gold-The-Ultimate-Portfolio-Insurance-Donald-Trump-Thinks-So.aspx

    The recent gold low of $1702 was reached on August 25. A close below the psychological level of $1700 would also confirm a double top pattern and a likely reversal of trend.
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